One thing you can usually count on to increase in cost is utility bills. Sometimes they increase because of rate charges and other times because of usage.
There are ways to cut your energy consumption, but the question is, are they worth it? Some energy-efficient upgrades may not save you enough to justify the cost.
Know Your Simple Payback
When making an energy-efficient home upgrade, it’s important to know your “simple payback.” Simple payback is the time it takes for an improvement to “pay itself back” in savings.
Anne Johnson
Author
Anne Johnson was a commercial property and casualty insurance agent for nine years. She was also licensed in health and life insurance. She went on to own an advertising agency, where she worked with businesses. She has been writing about personal finance for 10 years.
